BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Lowers Stock Position in Triple Flag Precious Metals Corp. (NYSE:TFPM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,549,930 shares of the company's stock after selling 45,899 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.77% of Triple Flag Precious Metals worth $23,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in Triple Flag Precious Metals by 175.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,896 shares of the company's stock valued at $29,000 after purchasing an additional 1,208 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in shares of Triple Flag Precious Metals in the 4th quarter worth about $45,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Triple Flag Precious Metals in the fourth quarter worth approximately $134,000. Drive Wealth Management LLC purchased a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $175,000. Finally, XTX Topco Ltd raised its stake in shares of Triple Flag Precious Metals by 9.1% in the fourth quarter. XTX Topco Ltd now owns 14,852 shares of the company's stock worth $223,000 after buying an additional 1,238 shares during the period. Institutional investors own 82.91% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on TFPM shares. National Bank Financial raised Triple Flag Precious Metals to a "strong-buy" rating in a research note on Wednesday, April 23rd. Scotiabank reaffirmed a "sector perform" rating on shares of Triple Flag Precious Metals in a report on Monday, April 14th. Raymond James reissued an "outperform" rating on shares of Triple Flag Precious Metals in a report on Wednesday, May 7th. Jefferies Financial Group lifted their price target on Triple Flag Precious Metals from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Finally, BMO Capital Markets restated an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock traded down $0.06 on Tuesday, reaching $21.72. 123,976 shares of the company were exchanged, compared to its average volume of 372,180. Triple Flag Precious Metals Corp. has a 1 year low of $13.94 and a 1 year high of $22.96. The business has a 50-day moving average price of $20.47 and a 200 day moving average price of $17.86. The company has a market cap of $4.36 billion, a price-to-earnings ratio of -197.45, a P/E/G ratio of 0.78 and a beta of -0.27.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The business had revenue of $82.25 million for the quarter, compared to the consensus estimate of $72.14 million. Triple Flag Precious Metals had a positive return on equity of 6.63% and a negative net margin of 8.58%. As a group, equities analysts anticipate that Triple Flag Precious Metals Corp. will post 0.71 earnings per share for the current year.

Triple Flag Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 1.01%. Triple Flag Precious Metals's dividend payout ratio (DPR) is 733.33%.

Triple Flag Precious Metals Profile

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.